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Jul 24, 2011 1:00pm PDT
we had a really big problems. domestic sales have tumbled, but we were able to compensate by doing business abroad. for one and a half years, domestic activity has stalled. >> a 48 billion euro austerity package is supposed to kick start the recovery. along with cuts to the public- sector budgets, the berlusconi government wants to boost revenue. they say privatisation will bring in billions of euros. at the same time, various taxes are to be increased. experts warn that will not stop the crisis. >> as a whole, the austerity package has been defined. but whether it will be enough is hard to say. i have the impressions are not taking a focused look at individual measures. instead, they are examining the credibility of the institutions. >> even before the vote in parliament, union members were demonstrating against the austerity measures. the opposition agrees with their position, saying that families and a modest earners will bear the heaviest burden and there are other ways to save. >> for example, we could cut the number of provinces. we spend billions on the bureaucracy. the numb
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